Guided by the strategy of “Establishing a Foothold in Shenzhen and Focusing on the Greater Bay Area”, the Group has continued to consolidate its stronghold in Shenzhen while establishing a presence in cities such as Foshan, Zhongshan and Zhaoqing.

As at 31 December 2024, the Group has established 14 logistics hub projects in the Greater Bay Area, among which 9 projects (including 7 projects in Shenzhen) are in operation / under management, and 5 projects (including 2 projects in Shenzhen) are under construction. The Group has obtained the operation rights of approximately 2.27 million square meters of land in the Greater Bay Area, of which approximately 1.18 million square meters have been put into operation.

Projects in Operation

SZI Intelligent Logistics Hub (SZ Liguang) is located in Longhua District of Shenzhen and has a site area of approximately 45,000 square meters and a gross floor area of approximately 217,000 square meters. It has a high plot ratio comprising six above-ground floors and two underground floors and has commenced operations in phases since the second half of 2023.

SZI Intelligent Logistics Hub (SZ Yantian) is located in Yantian District of Shenzhen and has a site area of approximately 32,000 square meters and a gross floor area of approximately 91,000 square meters. Commenced operations in the first half of 2024, it is a six-storey stereoscopic warehouse that serves as one of the Group’s demonstration projects for modern and premium-standard “Multi-storey Warehouses” and as a demonstration project for “Bonded Logistics+”.

SZI Intelligent Logistics Hub (SZ Pingshan East) is located in Pingshan District of Shenzhen and has a site area of approximately 267,000 square meters and a gross floor area of approximately 94,000 square meters. It currently accommodates prime customers such as Walmart and Xuefeng Cold Chain, etc.

SZI Intelligent Logistics Hub (SZ Pingshan), located in Pingshan District of Shenzhen, has a site area of approximately 120,000 square meters and a gross floor area of approximately 286,000 square meters. It has commenced operations in December 2024.

SZI Western Logistics Park is located in Qianhai Pilot Free Trade Zone of Shenzhen, which is a project leased and operated by the Group from the government with an operating area of approximately 91,000 square meters. It provides mainly bonded logistics and warehousing and storage, loading and unloading, customs declaration and on-site value adding services.

SZI Kanghuai E-commerce Center is located in Longhua District of Shenzhen and has an operating area of approximately 143,000 square meters. It is the first asset-light management service project operated by the Group. It provides a range of services, including logistics and warehousing services, large-scale data centers, office buildings, dormitories and restaurants, etc. The project also supports interactive sharing and intelligent interchange of data across the park with an intelligent park information management system.

SZI Intelligent Logistics Hub (Zhongshan Torch) is located in Zhongshan Torch Hi-tech Industrial Development Zone, with a site area of approximately 58,000 square meters and a gross floor area exceeding 66,000 square meters. The project marks the Group’s first venture in the Greater Bay Area outside of Shenzhen. It has attracted enterprises in the pharmaceutical and home appliance sectors while providing integrated logistics solutions for the automotive supply chain industry in the vicinity.

SZI Intelligent Logistics Hub (Foshan Nanhai) is located in Nanhai District of Foshan, covering a site area of approximately 76,000 square meters with a gross floor area of approximately 92,000 square meters. Commenced operations in August 2024, it serves as a crucial project in establishing Foshan as the Group’s “Second Home Base”. 

Major Projects under Construction

SZI Western Highway Freight Logistics Hub (SZ Bao’an) is located in Bao’an District of Shenzhen, covering a site area of approximately 75,000 square meters and a planned gross floor area of approximately 159,000 square meters. The project aims at establishing an industry-leading cluster of comprehensive and modern intelligent logistics facilities, including intelligent logistics centers, smart logistics cloud warehouses, and cold chain centers, so as to foster the collaborative developments of advanced manufacturing and logistics industries.

Shenzhen International Integrated Logistics Hub Center (“Pinghunan Project”)

In August 2021, the Group partnered with China Railway Guangzhou Group Co., Ltd. to establish a joint venture company, Shenzhen Municipal Shenzhen International Railway Logistics Development Company Limited, with the purpose of investing in and developing Pinghunan Project. Pinghunan Project is located in Longgang District of Shenzhen, and has a total site area of approximately 900,000 square meters. In September 2019, the project was selected by the National Development and Reform Commission of the PRC and the Ministry of Transport of the PRC as one of 23 logistics hubs in its first batch of national logistics hub projects. It has also been selected as a key construction project in Guangdong for 2 consecutive years and as a major project in Shenzhen for 3 consecutive years.

The Group pioneered the model of “obtaining strata titles in multi-level logistics and warehousing development to be constructed over railway freight yard” in Pinghunan Project, optimizing the utilization of railway yard space by vertically expanding and developing modern logistics facilities, thereby achieving an integrated development of “Rail Transportation + Modern Logistics”. It represents the first industrial space development built on a railway yard within the PRC and is a relatively rare land resources in Shenzhen for the construction of large-scale logistics facilities. The Group intends to develop the project as a benchmark and showcase it as a “Road, Railway and Water” multimodal transportation center and national-level integrated logistics hub. The project aims to meet market demand by integrating international and domestic railway freight services, urban logistics, commercial and trade services, and emergency logistics support. This integration will promote the objective of being a “Railway Yard + Urban Integrated Logistics Hub”. Upon completion, the project will facilitate the expansion of the Group’s operating scale and market share, thereby effectively enhancing the Group’s influence in the Greater Bay Area.

The Group has acquired operation rights of land with a site area of 900,000 square meters for Pinghunan Project. The Group successfully obtained the land use rights of approximately 334,000 square meters for the space above the overhead floor of Pinghunan Project in June 2023. An 11-meter overhead floor would be built, while preserving all the planning functions of the railway yard. The logistics land above the overhead floor would be used to build 850,000 square meters of logistics storage facilities.

Updated on 24 April 2025